A forecasting method used when there is a single independent variable (time) and a dependent variable (often demand) and the two variables are linearly related is?
a. Linear trend forecast
b. Simple linear regression forecast
c. Multiple regression forecast
d. Exponential smoothing forecast
a. Linear trend forecast
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Indicate whether the statement is true or false
Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12,200 of merchandise on account under terms 2/10, n/30. 2) The company returned $1700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,400 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements?
A. Assets and liabilities decrease by $1700. B. None. It is an asset exchange transaction. C. Assets and liabilities decrease by $1666. D. Assets and stockholders' equity decrease by $1700.
A partnership is a form of business that is:
A. owned by two people who share ownership of a single business. B. created to obtain financial sources from only one person. C. organized to provide a professional service for which each shareholder is licensed. D. formed for only civic, educational, charitable, and religious purposes.